Payment Terms and Conditions

Prices

  • Integrated Systems Design Limited reserves the right to vary prices at any time without prior notice.

Payment

  • All accounts are to be paid for in full by the 2Oth of the month following date of invoice.
  • Upon default of payment, Integrated Systems Design Limited reserves the right to:
    (a) Charge 2% interest per month on all overdue invoices/statements, and
    (b) Recover all costs, including but not limited to, legal costs incurred in the recovery of overdue accounts.
  • This clause survives the cancellation of this agreement.

Acceptance

  • Upon delivery or uplifting of the goods and or service the customer is deemed to have accepted the goods and or service.
  • Immediately upon receipt of the goods and or service the customer must make sure the goods and or service are intact and to their requirements.
  • This agreement supersedes and replaces all preceding terms and conditions and acceptance of quotes or receiving of goods is deemed to be acceptance of this agreement.

Security Interest

  • The customer grants Integrated Systems Design Limited a security interest in the goods, which were supplied or service undertaken on, as security for all amounts owing to Integrated Systems Design Limited.
  • The customer acknowledges that the invoice provided to it describing the goods, which were supplied or service undertaken on, forms part of this agreement and a valid security agreement under the Personal Property Securities Act 1999.
  • All goods supplied to the customer remain the property of Integrated Systems Design Limited until paid for in full.
  • The customer acknowledges that until such time as Integrated Systems Design Limited has been paid in full, it will keep the goods in separate storage.
  • The customer irrevocably permits an agent of Integrated Systems Design Limited to enter the premises where the goods are, to recover the goods.

Default

  • If the customer defaults on payment, stops payment, calls a meeting of its creditors, becomes insolvent, becomes bankrupt, goes into liquidation or has a receiver - Integrated Systems Design Limited at its sole discretion may suspend or cancel these terms and conditions, take possession of the goods and withdraw all credit facilities available to the client.
  • Integrated Systems Design Limited takes no responsibility for any damage caused in the removal of goods in the event of default.